Sony to Unveil PS3 Successor

Sony is set to unveil its long-awaited successor to the Playstation 3 on Feb. 20. The WSJ's Daisuke Wakabayashi has the details on the new videogame console.

This transcript has been automatically generated and may not be 100% accurate.

I ... the ... a ... lot a ... hotly anticipated successor to its PlayStation three video games console ... wheel and it explicitly this morning ... I dial Akamai Etsy our technology correspondent in Tokyo standing by ... that thank the much for joining us today and I you are very good filly filing your story ... a little bit about what you know about this people been waiting for years for the next PlayStation three that come out ... so on so here are ... some indications today it's been events ... in Newark ... which they're calling the position in the years ... kind of typically teasing you know prepares to the future ... and so um what we've been a broker firm through talking your various sources ... on is that that that what they will announce this is the successor to the PlayStation three ... most book on a position for we don't really know what it'll fish will be called ... but it isn't in their next-generation home videogame console ... do we know anything about it back to the features of this new console by Sony ... I believe ... over the last year so we've done some reporting a part of the one of the things that ... we've learned over time is that the interviews that the graphic chip from AMD ... as I'm ... you may recall last time Sony spent a lot of money developing their own processor for the PlayStation three ... and those are the reason why he came in essence an inflated price ... but the sun the data via the to use a processor from Hindi ... there was some talk about what that might be a kind of ... no physical media home console but ... Sunday is decided to go with an actual ... physical media solar disc player in the inside the machine ... and more philosophically I think Sony is interesting that the ... next position to be ... I'm packing a bit more common social gaming features which is on is the big thing for games on smartphones and tablets ... as was the time Mr. more than entertainment of um you know the last time it was a very much videogame console ... but now in the world where you know we will flick ... just remove these flicks ... um you know didn't video on demand from Amazon this is can be ... Sony's composition I think the next console to be ... kind of ... entertainment hub for your home ... FHFA handmade ... the broader picture and that gaming console in general aren't doing well at all ... Nintendo is unit yesterday have lasted outlet for Wi EU sales for the rest of the year so ... the big question and you know in the narrow way people play the games on their smartphones ... will admit that if I if that's really gonna bring Sony back into profitability ... yet I mean it's the it's the big question right time ... it's hard to say ... I'm honestly is the Nintendo launches been kind of this this ... dark cloud hanging over the industry ... the we knew this point was disappointing and the question is whether ... there was something fundamentally I'm ... you know not not not appealing about the we you or if it's this real big sea change has taken place ministry where ... people are playing games on dedicated game machines anymore Macy's smartphone games and tablets ... um you know ... as an alternative when we can Deathly say is that there is so much competition for your entertainment I'm you know whether it's ... you know on social networks or whether it's you know video ... streaming anywhere any device ... the the person ... you know you talk to real big videogame and I think ... and to carve out time to play video games that these days ... because you know if you have spare five minutes of play on your smartphone and maybe not in your videogame fits with that ... and the other thing that's interesting about this is that Tony is beating Micra soft patch in terms of coming out with the next-generation console how significant symbolic of that ... what to do I don't think of the huge difference I mean I think ... both machines are ... will be I'll probably at the end of this year or so ... certainly at the holiday season there's been a big marketing push in this and cons of commercials cut in pay you to buy one of the other ... um ... we all attended the I think it doesn't really matter who announces ... there was to personally make a difference when you cook it to market first ... um we don't know who's you know right now we're not sure who's going to be first to market ... and I don't know how much this new console going to cost approximately ten of the more expensive than the PS three ... right now we don't know ... thirdly Sony learned a painful lesson that ... I can put the price of the PS three ... um I'm not sure how much to remember but when it came in two thousandsix ... they had two models one for five hundred one for six hundred dollars and ... so in that not because of the Avalide Consumer sticker shock ... and that her ... PlayStation three of taking the beginning ... I'm you know over time so the sun has worked very hard to bring the price down something where consumers are more palatable for consumer goods ... but I think that that that ... that it's only a very humbling lesson about you know whether kind of pain points are ... and how much consumers are willing to pay for two D machines ... I ... thank the